Japan’s Shinwa budgets Bt8m for Bangkok projects

Real Estate January 16, 2019 11:56

By Somluck Srimalee
The Nation

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Japan-based Shinwa Group has set aside Bt8 billion to develop residential projects in Bangkok this year and next, group director Tomoyasu Yamabe announced on Wednesday at a press conference at its head office in Osaka.

Up to Bt3 billion will be invested this year to build condominiums in Sukhumvit Soi 39 and Srinakarin Road. The other Bt5 billion will be spent in 2020.

The total investment will boost Shinwa’s revenues to Bt1.5 billion and net profits to Bt500 million in 2020, he said.